Ask the Expert: In the wake of Sunoco's Parkland acquisition, what does foreign ownership mean for Canada's fuel landscape?The deal marks a turning point in who controls a major share of Canada’s energy and retail fuel network. Parkland reports Q3 profit up from year ago as it prepares to close Sunoco dealParkland says it expects to close its deal with Sunoco on Friday. Parkland-Sunoco deal receives Investment Canada Act approval The deal cleared a key U.S. antitrust hurdle last month when the waiting period under the Hart-Scott-Rodino Act expired. Parkland, Sunoco clear key U.S. regulatory hurdle for acquisition Parkland shareholders approved Sunoco takeover in June of this year. 2025 Forecourt Performance Report: A closer look at Canada’s retail gasoline market Canada’s retail gasoline sector remains relatively stable, even if the number of places to fill up has declined over the last two decades. Parkland shareholders approve Sunoco takeover Shareholders also voted in support of the director nominees Parkland's management put forward. Proxy advisory firms ISS and Glass Lewis back Sunoco offer for Parkland Parkland's biggest shareholder Simpson Oil has said it plans to vote in favour of the offer. Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal Engine Capital partners say Sunoco deal was rushed, the price is too low and there are likely better options available. Parkland-Sunoco deal could face tough scrutiny with fraught Canada-U.S. relations Ottawa recently announced updated national security guidelines under the Investment Canada Act to account for potential harms to Canada's economic security. Parkland agrees to be bought by U.S. heavyweight Sunoco in US$9.1B deal Parkland and Simpson Oil have been at odds over the fuel refiner and retailer's performance and governance for at least a year. 1 2 3 4 5 Next Last
